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Tag: EMAN stock

  • eMagin Corporation (EMAN) stock is on a boost to 21.3% – What’s helping it to move high?

    eMagin Corporation (EMAN) stock is on a boost to 21.3% – What’s helping it to move high?

    eMagin Corporation (EMAN) has seen a push of 21.3% in the aftermarket despite any official news. However, the last trading session closed at $1.08 with an increase of 2.86%.

    About EMAN

    For world-class customers in the government, consumer, medical, and industrial areas, eMagin is the pioneer in OLED microdisplay technology. This allows the presentation of digital information and imagery. Furthermore, EMAN develops, engineers, and produces future display technologies, and it is the sole OLED display manufacturer in the US. Lastly, microdisplays from eMagin are used in AR/VR, aviation helmets, heads-up display systems, thermal scopes, night vision, future armaments, and a number of other uses since 2001.

    Fourth Quarter Results – What’s up?

    EMAN announced fourth-quarter results on 20th January 2022. The company recorded net revenue in the range of $6.8 million and $7.0 million. Moreover, the contract revenue was $0.2 million, and EMAN plans to complete the year with a positive fourth-quarter book-to-bill ratio on robust fourth-quarter bookings that topped $7.1 million, setting the firm well for the year ahead. Last but not the least, they are actively exploring numerous additional initiatives, and the core military business is benefiting from a ramp-up in the volume of the existing programs.

    Now what?

    The forecast fourth-quarter revenue growth in 2021 reflects continuous improvements in the manufacturing yields, production throughput, and overall operating effectiveness. Furthermore, the predicted drop in contract income was mostly attributable to the timing of certain development work. eMagin is still working on this project and expects to earn money from this customer.

    EMAN proceeds to have ongoing discussions with customers about a variety of customer, manufacturing, and control systems. And the company expects a positive response from industry analysts and trade media for more than 10,000 cd/m2 Direct Patterning Display prototypes. On the fourth-quarter conference call in March, EMAN looks forward to providing further information on the product plan and fourth-quarter performance.

  • eMagin Corp. (EMAN) Stock Undergoes Minor Volatility Coinciding with Participation in TechBlick Conference

    eMagin Corp. (EMAN) stock prices were down 6.03% at the end of the trading day on July 13th, 2021, bringing the price per share down to USD$2.96. Subsequent premarket fluctuations have seen the stock recover by 2.36%, bringing it up to USD$3.03.

    Revenue Breakdown

    The first quarter of 2021 saw the company report total revenues, which consists of both product revenue and contract revenue, in the amount of USD$6.8 million, up from the USD$6.7 million reported in the prior year quarter. Product revenue for the quarter were reported at USD$6.1 million, USD$0.5 million improvement from the numbers reported for Q1 2020. This increase was largely driven by the increase in display revenues, which, in turn, were derived from higher sales to medical and veterinary customers. Contract revenues were down to USD$0.7 million from the USD$1.1 million reported in the prior year quarter, reflecting the completion of various government contracts in the 2020 quarter.

    Gross Margin and Profit

    Total gross margin for the quarter was reported at 25%, with a gross profit of USD$1.7 million. This is comparable to the 21% gross margin and USD$1.4 million in gross profits for the 2020 quarter. The year-over-year improvements were largely driven by improvements in yields, higher product revenues, and the impact of a change in overhead allocation. The gains were partially offset by lower contract revenues for the 2020 quarter.

    Net Loss Reports

    Net loss for the 2021 quarter was reported at USD$7.4 million, representing a net loss of USD$0.10 per share, up from the USD$1.4 million in the prior year quarter, representing a net loss of USD$0.03 per share. This year-over-year difference is largely attributable to USD$7.2 million non-cash loss related to the change in fair value of a warranty liability for the current period.

    Solid Liquidity Position

    The company reported a solid liquidity position of USD$10.7 million in cash and cash equivalents as of March 31st 2021. Further consolidating the healthy financial position is the availability of USD$8.3 million in working capital. The first quarter of 2021 saw the company repay USD$1.7 million as per its asset-based lending facility, as well as realized proceeds from the exercise of warrants in the amount of USD$5.1 million.

    Future Outlook for EMAN

    Armed with a solid liquidity position and the success of its quarterly financial report, EMAN is poised to capitalize on the continued growth it expects for the upcoming quarters. Current and potential investors are hopeful that management will be able to leverage the resources at their disposal to extrapolate the company’s recent success, resulting in significant and sustained increases in shareholder value.